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Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:03 EDTCG, DUFDuff & Phelps announces expiration of 'go-shop' period
Duff & Phelps (DUF) announced that, following the expiration of the “go-shop” period provided for in its previously announced merger agreement with a Consortium comprising controlled affiliates of or funds managed by The Carlyle Group (CG), Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group, the company did not receive any alternative acquisition proposals from third parties. The company remains committed to the Consortium’s proposal to acquire the company for $15.55 per share in cash in a transaction valued at approximately $665.5M. During the “go-shop” period, Centerview Partners, the company’s financial advisor, with the direction of the Transaction Committee of the Board of Directors, comprised of independent Directors, undertook a broad solicitation effort, contacting 27 potential acquirers believed to have potential strategic or financial interest in an alternative transaction to the transaction with the Consortium. These proactive contacts resulted in 5 parties negotiating and entering into confidentiality agreements with the company, although no alternative acquisition proposals from third parties were received. The transaction is expected to close in 1H13.
News For DUF;CG From The Last 14 Days
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August 28, 2015
07:31 EDTCGCarlyle in takeover talks with Innovation Group, Sky News reports
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06:56 EDTCGCarlyle has little luck with hedge funds, WSJ reports
Carlyle Group has often seen the hazards of running hedge funds, with its Carlyle Capital fund becoming a harbinger for the 2008 financial crisis and its Blue Wave Partners hedge fund ending abruptly a few months later, the New York Times says. As recently as last week, the company announced that its credit-focused hedge fund Claren Road Asset Management faced roughly $2B in investor redemption requests, the report says. Though the company makes money in its core buyout business as well as in other areas, its track record with hedge funds has been murky at best, the report says. Reference Link
August 25, 2015
06:16 EDTCGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 21, 2015
07:36 EDTCGKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link
August 20, 2015
18:59 EDTCGGoogle, Amazon, private equity compete for Indian data center unit, ET says
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August 18, 2015
06:53 EDTCGPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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August 17, 2015
17:20 EDTCGCarlyle Group sees Q3 impairment charge of $100M-$175M
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17:15 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
According to a person with knowledge of the matter, investors in Carlyle Group's Claren Road Asset Management asked to withdraw about 48% of the hedge fund's $4.1B in assets following losses this year, Bloomberg reports. Reference Link
14:55 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
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